MISSISSIPPI OPTOMETRIC ASSOCIATION… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

SARAH E LINK

Phone

6018534407

Tax Period

2023-01-01 to 2023-12-31

MISSISSIPPI OPTOMETRIC ASSOCIATION INC, founded in 1947, is a small nonprofit that reported $752K in total revenue in fiscal year 2023. Expenses of $700K left a modest 7% surplus.

Mission

TO ENHANCE, PROTECT, AND PROMOTE THE PROFESSION OF OPTOMETRY IN MISSISSIPPI THROUGH ADVOCACY, EDUCATION, AND ADVANCING TECHNOLOGY FOR PATIENT EYE CARE.

Program Service Accomplishments

Program 1

THE ORGANIZATION FUNDS AN ANNUAL CONVENTION WHICH PROVIDES CONTINUING EDUCATION COURSES TO ITS MEMBERSHIP AS WELL AS OTHER PROGRAMS THAT ARE EDUCATIONAL TO THE MEMBERS.

Program 2

DURING THE YEAR, THE ORGANIZATION SPONSORS CONTINUING EDUCATION COURSES FOR ITS MEMBERSHIP COVERING VARIOUS TOPICS OF INTEREST.

Program 3

THE ORGANIZATION PROVIDES ADVOCACY FOR ITS MEMBERS BEFORE THE MISSISSIPPI LEGISLATURE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $488,860

Program Service Revenue $227,133

Investment Income $8,970

Other Revenue $27,201

TOTAL REVENUE $752,164

Expense Breakdown

Grants Paid $0

Salaries & Benefits $110,099

Fundraising Expenses $0

Other Expenses $590,335

TOTAL EXPENSES $700,434

Year-over-Year Comparison

	2023	2022	Change
Revenue	$752,164	$746,966	+0.0%
Expenses	$700,434	$713,212	0.0%
Net Income	$51,730	$33,754	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$71,294

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH E LINK	EXECUTIVE DI	40.00	Officer	$61,146	$10,148	$71,294
MINH DUONG	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
JUSTIN MCELROY	DIRECTOR	1.00	Director	$0	$0	$0
BRAN DAWSON OD	DIRECTOR	1.00	Director	$0	$0	$0
HILARI MCFARLAND OD	SECRETARY TR	2.00	Officer Director	$0	$0	$0
JACOB IVEY OD	PRESIDENT	2.00	Officer Director	$0	$0	$0
JAY FULLER OD	DIRECTOR	1.00	Director	$0	$0	$0
JAY NAIL OD	DIRECTOR	1.00	Director	$0	$0	$0
JOSH HATFIELD OD	DIRECTOR	1.00	Director	$0	$0	$0
MANDI SMITH OD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PHILLIPS OD	DIRECTOR	1.00	Director	$0	$0	$0
MONIQUE CARR OD	DIRECTOR	1.00	Director	$0	$0	$0
RYAN WALLY OD	PRESIDENT EL	2.00	Officer Director	$0	$0	$0
STACIE MOORE OD	PAST PRESIDE	2.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$752,164	$700,434	$594,062	$51,730
2022	$746,966	$713,212	$526,984	$33,754
2021	$926,245	$874,447	$518,069	$51,798
2020	$570,038	$543,458	$380,584	$26,580
2019	$725,090	$745,314	$309,680	$-20,224
2018	$664,450	$747,941	$247,257	$-83,491

MISSISSIPPI OPTOMETRIC ASSOCIATION INC